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拉扎德（LAZ）与瑞思迈（RMD）财务数据对比。点击上方公司名可切换其他公司
瑞思迈的季度营收约是拉扎德的1.5倍（$1.4B vs $929.4M），瑞思迈净利率更高（27.6% vs 5.4%，领先22.2%），瑞思迈同比增速更快（11.0% vs 10.8%），过去两年拉扎德的营收复合增速更高（8.8% vs 7.9%）
拉扎德公司是一家美国金融咨询与资产管理机构，业务覆盖投资银行、资产管理及其他金融服务，核心客户以机构客户为主。作为全球规模最大的独立投资银行，其主要行政办公室分布于纽约、巴黎及伦敦三地。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
LAZ vs RMD — 直观对比
营收规模更大
RMD
是对方的1.5倍
$929.4M
营收增速更快
RMD
高出0.2%
10.8%
净利率更高
RMD
高出22.2%
5.4%
两年增速更快
LAZ
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $929.4M | $1.4B |
| 净利润 | $49.9M | $392.6M |
| 毛利率 | — | 61.8% |
| 营业利润率 | 9.1% | 34.6% |
| 净利率 | 5.4% | 27.6% |
| 营收同比 | 10.8% | 11.0% |
| 净利润同比 | -42.2% | 13.9% |
| 每股收益（稀释后） | $0.44 | $2.68 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收LAZRMD
| Q2 26 | — | $1.4B | ||
| Q4 25 | $929.4M | $1.4B | ||
| Q3 25 | $770.8M | $1.3B | ||
| Q2 25 | $817.2M | $1.3B | ||
| Q1 25 | $669.2M | $1.3B | ||
| Q4 24 | $839.0M | $1.3B | ||
| Q3 24 | $807.4M | $1.2B | ||
| Q2 24 | $708.0M | $1.2B |
净利润LAZRMD
| Q2 26 | — | $392.6M | ||
| Q4 25 | $49.9M | $392.6M | ||
| Q3 25 | $71.2M | $348.5M | ||
| Q2 25 | $55.3M | $379.7M | ||
| Q1 25 | $60.4M | $365.0M | ||
| Q4 24 | $86.3M | $344.6M | ||
| Q3 24 | $107.9M | $311.4M | ||
| Q2 24 | $49.9M | $292.2M |
毛利率LAZRMD
| Q2 26 | — | 61.8% | ||
| Q4 25 | — | 61.8% | ||
| Q3 25 | — | 61.5% | ||
| Q2 25 | — | 60.8% | ||
| Q1 25 | — | 59.3% | ||
| Q4 24 | — | 58.6% | ||
| Q3 24 | — | 58.6% | ||
| Q2 24 | — | 58.5% |
营业利润率LAZRMD
| Q2 26 | — | 34.6% | ||
| Q4 25 | 9.1% | 34.6% | ||
| Q3 25 | 12.3% | 33.4% | ||
| Q2 25 | 11.4% | 33.7% | ||
| Q1 25 | 8.2% | 33.0% | ||
| Q4 24 | 12.8% | 32.5% | ||
| Q3 24 | 20.0% | 31.6% | ||
| Q2 24 | 9.0% | 31.2% |
净利率LAZRMD
| Q2 26 | — | 27.6% | ||
| Q4 25 | 5.4% | 27.6% | ||
| Q3 25 | 9.2% | 26.1% | ||
| Q2 25 | 6.8% | 28.2% | ||
| Q1 25 | 9.0% | 28.3% | ||
| Q4 24 | 10.3% | 26.9% | ||
| Q3 24 | 13.4% | 25.4% | ||
| Q2 24 | 7.0% | 23.9% |
每股收益（稀释后）LAZRMD
| Q2 26 | — | $2.68 | ||
| Q4 25 | $0.44 | $2.68 | ||
| Q3 25 | $0.65 | $2.37 | ||
| Q2 25 | $0.52 | $2.58 | ||
| Q1 25 | $0.56 | $2.48 | ||
| Q4 24 | $0.82 | $2.34 | ||
| Q3 24 | $1.02 | $2.11 | ||
| Q2 24 | $0.49 | $1.97 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.5B | $1.4B |
| 总债务越低越好 | $1.7B | $663.8M |
| 股东权益账面价值 | $873.7M | $6.3B |
| 总资产 | $4.9B | $8.5B |
| 负债/权益比越低杠杆越低 | 1.93× | 0.11× |
8季度趋势，按日历期对齐
现金及短期投资LAZRMD
| Q2 26 | — | $1.4B | ||
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $978.3M | $1.2B | ||
| Q1 25 | $908.6M | $932.7M | ||
| Q4 24 | $1.3B | $521.9M | ||
| Q3 24 | $1.2B | $426.4M | ||
| Q2 24 | $847.6M | $238.4M |
总债务LAZRMD
| Q2 26 | — | $663.8M | ||
| Q4 25 | $1.7B | $403.9M | ||
| Q3 25 | $1.7B | $408.7M | ||
| Q2 25 | $1.7B | $658.4M | ||
| Q1 25 | $1.7B | $663.1M | ||
| Q4 24 | $1.7B | $662.9M | ||
| Q3 24 | $1.9B | $667.6M | ||
| Q2 24 | $1.9B | $697.3M |
股东权益LAZRMD
| Q2 26 | — | $6.3B | ||
| Q4 25 | $873.7M | $6.3B | ||
| Q3 25 | $841.5M | $6.1B | ||
| Q2 25 | $741.6M | $6.0B | ||
| Q1 25 | $603.0M | $5.5B | ||
| Q4 24 | $636.2M | $5.3B | ||
| Q3 24 | $624.3M | $5.2B | ||
| Q2 24 | $458.7M | $4.9B |
总资产LAZRMD
| Q2 26 | — | $8.5B | ||
| Q4 25 | $4.9B | $8.5B | ||
| Q3 25 | $4.6B | $8.3B | ||
| Q2 25 | $4.5B | $8.2B | ||
| Q1 25 | $4.2B | $7.6B | ||
| Q4 24 | $4.8B | $7.1B | ||
| Q3 24 | $4.8B | $7.2B | ||
| Q2 24 | $4.5B | $6.9B |
负债/权益比LAZRMD
| Q2 26 | — | 0.11× | ||
| Q4 25 | 1.93× | 0.06× | ||
| Q3 25 | 2.01× | 0.07× | ||
| Q2 25 | 2.28× | 0.11× | ||
| Q1 25 | 2.80× | 0.12× | ||
| Q4 24 | 2.65× | 0.13× | ||
| Q3 24 | 2.97× | 0.13× | ||
| Q2 24 | 4.04× | 0.14× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $399.7M | — |
| 自由现金流经营现金流 - 资本支出 | $396.1M | — |
| 自由现金流率自由现金流/营收 | 42.6% | — |
| 资本支出强度资本支出/营收 | 0.4% | — |
| 现金转化率经营现金流/净利润 | 8.02× | — |
| 过去12个月自由现金流最近4个季度 | $487.4M | — |
8季度趋势，按日历期对齐
经营现金流LAZRMD
| Q2 26 | — | — | ||
| Q4 25 | $399.7M | $339.7M | ||
| Q3 25 | $287.5M | $457.3M | ||
| Q2 25 | $49.7M | $538.8M | ||
| Q1 25 | $-217.5M | $578.7M | ||
| Q4 24 | $362.9M | $308.6M | ||
| Q3 24 | $293.7M | $325.5M | ||
| Q2 24 | $176.2M | $440.1M |
自由现金流LAZRMD
| Q2 26 | — | — | ||
| Q4 25 | $396.1M | $311.2M | ||
| Q3 25 | $284.6M | $414.4M | ||
| Q2 25 | $38.0M | $508.2M | ||
| Q1 25 | $-231.3M | $557.9M | ||
| Q4 24 | $348.0M | $288.0M | ||
| Q3 24 | $276.2M | $307.7M | ||
| Q2 24 | $169.8M | $415.2M |
自由现金流率LAZRMD
| Q2 26 | — | — | ||
| Q4 25 | 42.6% | 21.9% | ||
| Q3 25 | 36.9% | 31.0% | ||
| Q2 25 | 4.6% | 37.7% | ||
| Q1 25 | -34.6% | 43.2% | ||
| Q4 24 | 41.5% | 22.5% | ||
| Q3 24 | 34.2% | 25.1% | ||
| Q2 24 | 24.0% | 33.9% |
资本支出强度LAZRMD
| Q2 26 | — | — | ||
| Q4 25 | 0.4% | 2.0% | ||
| Q3 25 | 0.4% | 3.2% | ||
| Q2 25 | 1.4% | 2.3% | ||
| Q1 25 | 2.1% | 1.6% | ||
| Q4 24 | 1.8% | 1.6% | ||
| Q3 24 | 2.2% | 1.5% | ||
| Q2 24 | 0.9% | 2.0% |
现金转化率LAZRMD
| Q2 26 | — | — | ||
| Q4 25 | 8.02× | 0.87× | ||
| Q3 25 | 4.03× | 1.31× | ||
| Q2 25 | 0.90× | 1.42× | ||
| Q1 25 | -3.60× | 1.59× | ||
| Q4 24 | 4.20× | 0.90× | ||
| Q3 24 | 2.72× | 1.05× | ||
| Q2 24 | 3.53× | 1.51× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
LAZ
| Financial Advisory Segment | $542.3M | 58% |
| Asset Management1 | $347.8M | 37% |
| Incentive Fees | $40.9M | 4% |
RMD
暂无分部数据
